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Stobart Group’s Tinkler: We’re in talks with ‘big operators’ at Southend Airport

Andrew Tinkler, the chief executive of Stobart Group (LON:STOB), reveals the company is in discussions with a number of tour operators interested in setting up shop at Southend Airport. It comes as the group unveiled a 17% rise in revenues in the six months to 31 August to £56.2mln, but swung to a loss of £8.6mln due to debt repayment. Tinkler insists the plan is to keep maintain the dividend and says he is now happy with the make-up of his boardroom after several changes over the past two years.

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Price: 43.2 GBX

LSE:STOB
Market: LSE
Market Cap: £161.85 m
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Stobart Group PLC reports ' strong strategic and operational first-half...

Stobart Group (LON:STOB) CEO Warwick Brady and CFO Lewis Girdwood highlight what they believe to be the 'significant growth potential' within its aviation division and in particular at London Southend airport. Passenger numbers at the airport increased by 41.8% to 1.2 million in the six...

on 15/11/19

2 min read